IPG Photonics

IPG Photonics is a manufacturer of high-power fiber lasers, fiber amplifiers, hybrid fiber/solid-state lasers and diode lasers for use in a wide range of markets including materials processing, advanced technologies, telecommunications & medical applications. The Company manufactures fiber lasers operating at 0.5 – 5 microns. IPG’s 1um and 1.5um fiber lasers and amplifiers are particularly popular in single-frequency and linearly-polarized variants; providing products having the best available combination of performance, reliability, and price. IPG's newly developed 2-5 microns mid-IR lasers offer cost-effective solutions for sensing, spectroscopy, material processing & medical applications. 

Company Growth (employees)
Oxford, US
Size (employees)
4,230 (est)
IPG Photonics was founded in 1990 and is headquartered in Oxford, US

Key People/Management at IPG Photonics

Valentin Gapontsev

Valentin Gapontsev

Chief Executive Officer and Chairman of the Board
Eugene Scherbakov

Eugene Scherbakov

Chief Operating Officer, Managing Director of IPG Laser GmbH, Senior Vice President, Europe and Director
Timothy Mammen

Timothy Mammen

Chief Financial Officer and Senior Vice President
Igor Samartsev

Igor Samartsev

Chief Technology Officer of IPG, Deputy General Manager of NTO IRE-Polus and Director
Angelo Lopresti

Angelo Lopresti

General Counsel, Secretary and Senior Vice President
Alexander Ovtchinnikov

Alexander Ovtchinnikov

Senior Vice President, Components
Trevor Ness

Trevor Ness

Senior Vice President, World Wide Sales
Felix Stukalin

Felix Stukalin

Senior Vice President, U.S. Operations

IPG Photonics Office Locations

IPG Photonics has offices in Oxford, Moskva, Bristol, Burbach and in 16 other locations
Oxford, US (HQ)
50 Old Webster Rd
Birmingham, US
l108 1500 1st Ave N
Burlington, CA
758 Shadeland Ave
Burbach, DE
7 Siemensstraße
Moskva, RU
1 ul. Vvedenskogo
Bristol, GB
Central Business Park
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IPG Photonics Financials and Metrics

IPG Photonics Financials

IPG Photonics's revenue was reported to be $1 b in FY, 2016

Revenue (Q2, 2017)

369.4 m

Gross profit (Q2, 2017)

206.3 m

Gross profit margin (Q2, 2017), %


Net income (Q2, 2017)

104.1 m

EBIT (Q2, 2017)

141.1 m

Market capitalization (22-Dec-2017)

11.7 b

Cash (30-Jun-2017)

808.1 m


10.9 b
IPG Photonics's current market capitalization is $11.7 b.
USDFY, 2014FY, 2015FY, 2016


769.8 m901.3 m1 b

Revenue growth, %


Cost of goods sold

409.4 m453.9 m

Gross profit

491.9 m552.2 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017


235.1 m243.5 m207.2 m252.8 m266 m285.8 m369.4 m

Cost of goods sold

106.4 m110.2 m92.8 m115.1 m121.2 m128.6 m163.1 m

Gross profit

128.7 m133.3 m114.4 m137.7 m144.8 m157.3 m206.3 m

Gross profit Margin, %

USDFY, 2013FY, 2014FY, 2015FY, 2016


448.8 m522.2 m582.5 m623.9 m

Accounts Receivable

103.8 m143.1 m150.5 m155.9 m


172.7 m171 m203.7 m239 m

Current Assets

786.3 m893.8 m1.1 b1.3 b
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017


398.4 m480.6 m483.4 m487.5 m541.5 m571.5 m651.2 m613.7 m587.3 m645.6 m697.8 m808.1 m

Accounts Receivable

120.6 m107.6 m124.1 m136.6 m149.8 m169.8 m154.8 m146.5 m151.5 m162.7 m180.2 m237.3 m


171.3 m170.6 m178.9 m179.5 m174.1 m190.8 m197.6 m226.9 m241.3 m242.4 m261.9 m260.7 m

Current Assets

749.2 m825.1 m854.1 m863.3 m931 m1 b1.1 b1.2 b1.2 b1.3 b1.4 b1.5 b
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

155.8 m200.4 m242 m260.7 m

Depreciation and Amortization

31.5 m35.6 m42.4 m51.5 m

Accounts Receivable

(10 m)(49 m)(19 m)(11.4 m)


(50 m)(42 m)(71 m)(53.6 m)
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

119.2 m40.5 m88.8 m144 m57.3 m118.6 m181.3 m49.3 m116.4 m185.6 m74.9 m179 m

Depreciation and Amortization

23.4 m8.1 m17.1 m26.4 m9.7 m20.2 m31.1 m11.4 m23.7 m37.6 m14.5 m29.7 m

Accounts Receivable

(26.9 m)(4.4 m)(20.7 m)(37.9 m)(11.9 m)(31.7 m)(20 m)8.1 m2.9 m(10.9 m)(22.8 m)(73.6 m)


(43.7 m)(3.9 m)(15 m)(30.2 m)(13.9 m)(33.2 m)(52.2 m)(19.4 m)(34.7 m)(42.8 m)(22.4 m)(25.8 m)
Y, 2017


77 x


81.7 x
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IPG Photonics Operating Metrics

IPG Photonics's Backlog was reported to be $413.9 m in FY, 2016, which is a 6% decrease from the previous period. IPG Photonics's Patent Applications was reported to be 380 in FY, 2016, which is a 19% increase from the previous period
FY, 2014FY, 2015FY, 2016

Patents Issued


Patent Applications



$321 m$442.5 m$413.9 m


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IPG Photonics Market Value History

IPG Photonics Revenue Breakdown

IPG Photonics's Web-traffic and Trends

IPG Photonics Online and Social Media Presence

IPG Photonics News and Updates

GGC sells ILT to IPG Photonics Corp for $40 ml

Generation Growth Capital has sold Innovative Laser Technologies Inc to IPG Photonics Corporation for $40 million in cash. Imperial Capital provided financial advice to ILT on the transaction. Based in Minneapolis, ILT is a maker of of laser-based systems used to produce components mostly for the me…

IPG Photonics Company Life and Culture

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